{"id":61977,"date":"2024-08-07T11:47:27","date_gmt":"2024-08-07T15:47:27","guid":{"rendered":"https:\/\/seidenlaw.flywheelsites.com\/?p=61977"},"modified":"2026-05-05T14:07:46","modified_gmt":"2026-05-05T21:07:46","slug":"managing-partner-robert-seiden-recommended-by-sec-and-appointed-as-distribution-administrator-by-federal-judge-to-oversee-distribution-of-228-5-million-to-victims-of-immigration-fraud","status":"publish","type":"post","link":"https:\/\/seidenlaw.com\/ru\/blog\/2024\/08\/managing-partner-robert-seiden-recommended-by-sec-and-appointed-as-distribution-administrator-by-federal-judge-to-oversee-distribution-of-228-5-million-to-victims-of-immigration-fraud\/","title":{"rendered":"\u0420\u043e\u0431\u0435\u0440\u0442 \u0421\u0435\u0439\u0434\u0435\u043d \u043d\u0430\u0437\u043d\u0430\u0447\u0435\u043d \u0430\u0434\u043c\u0438\u043d\u0438\u0441\u0442\u0440\u0430\u0442\u043e\u0440\u043e\u043c \u043f\u043e \u0440\u0430\u0441\u043f\u0440\u0435\u0434\u0435\u043b\u0435\u043d\u0438\u044e \u0441\u0440\u0435\u0434\u0441\u0442\u0432 \u0434\u043b\u044f \u043a\u043e\u043d\u0442\u0440\u043e\u043b\u044f \u0437\u0430 \u0432\u044b\u043f\u043b\u0430\u0442\u043e\u0439 \u043a\u043e\u043c\u043f\u0435\u043d\u0441\u0430\u0446\u0438\u0438 \u0432 \u0440\u0430\u0437\u043c\u0435\u0440\u0435 1 \u043c\u043b\u0440\u0434 428,5 \u043c\u043b\u043d \u0434\u043e\u043b\u043b\u0430\u0440\u043e\u0432 \u0432 \u0441\u0432\u044f\u0437\u0438 \u0441 \u043c\u043e\u0448\u0435\u043d\u043d\u0438\u0447\u0435\u0441\u0442\u0432\u043e\u043c \u0432 \u0441\u0444\u0435\u0440\u0435 \u0438\u043c\u043c\u0438\u0433\u0440\u0430\u0446\u0438\u0438"},"content":{"rendered":"<p>On July 26, 2024, Seiden Law LLP Managing Partner Robert Seiden was appointed by the Honorable Judge Pamela K. Chen as the Distribution Administrator of the settlement funds in the matter of <em>Security and Exchange Commission v. Richard Xia et al., <\/em>No. 21-cv-05350.\u00a0The complaint, filed in 2021 by the Securities and Exchange Commission (&#8220;SEC&#8221;), alleges that &#8220;Defendants fraudulently raised more than $229 million by offering and selling limited partnership interests to more than 450 investors&#8221; who participated in the EB-5 Immigrant Investor Program.\u00a0 Pursuant to the final judgment, Defendants are jointly and severally liable for disgorgement of $228,500,000 as a result of their fraudulent conduct alleged in the Amended Complaint with $25 million in prejudgment interests: Defendant Fleet New York Metropolitan Center is liable for a civil penalty in the amount of $15,538,635, and Defendant Richard Xia is liable for a civil penalty in the amount of $3,101,745. \u00a0The SEC recommended Mr. Seiden, an experienced court-appointed fiduciary and former prosecutor,\u00a0to the Court\u00a0for this important position. Pursuant to the Court\u2019s order, the Administrator will craft and propose to the SEC and the Court a\u00a0robust distribution plan for\u00a0the disposition of these funds to the victims of the fraud.<\/p>\n<p>More about the case can be read about on the SEC website by clicking <a href=\"https:\/\/www.sec.gov\/enforcement-litigation\/litigation-releases\/lr-26067\" data-linkindex=\"0\" data-auth=\"NotApplicable\">here<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>On July 26, 2024, Seiden Law LLP Managing Partner Robert Seiden was appointed by the Honorable Judge Pamela K. Chen as the Distribution Administrator of&hellip;<\/p>","protected":false},"author":2,"featured_media":62753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-61977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-firm-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/posts\/61977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/comments?post=61977"}],"version-history":[{"count":0,"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/posts\/61977\/revisions"}],"wp:attachment":[{"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/media?parent=61977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/categories?post=61977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seidenlaw.com\/ru\/wp-json\/wp\/v2\/tags?post=61977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}